Statement of Changes in Beneficial Ownership (4)
11 November 2021 - 9:29AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Love Lori |
2. Issuer Name and Ticker or Trading Symbol
CLEANSPARK, INC.
[
CLSK
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Financial Officer |
(Last)
(First)
(Middle)
1185 SOUTH 1800 WEST, SUITE 3 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/8/2021 |
(Street)
WOODS CROSS, UT 84087
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 11/8/2021 | | A | | 9000 (1) | A | $0 | 112303 | D | |
Common Stock | 11/8/2021 | | A | | 13250 (2) | A | $0 | 125553 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Employee Stock Option (Right to Buy) | $20.48 | 11/8/2021 | | A | | 10000 | | (3) | 11/7/2024 | Common Stock | 10000 | $0 | 10000 | D | |
Explanation of Responses: |
(1) | Represents 9,000 restricted stock units awarded to the Reporting Person under the Issuer's 2017 Equity Incentive Plan, as amended (the "Plan"), in connection with the Reporting Person's service as an executive officer of the Issuer, which restricted stock units shall vest as follows: (i) 750 are vested upon issuance, and (ii) the remaining 8,250 shall vest in equal monthly installments over the next 11 months. |
(2) | Represents 13,250 shares of restricted common stock, the vesting of which shares is subject to the achievement of certain corporate milestones of the Issuer. |
(3) | Vesting of the options is subject to the achievement of certain corporate milestones of the Issuer. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Love Lori 1185 SOUTH 1800 WEST SUITE 3 WOODS CROSS, UT 84087 |
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| Chief Financial Officer |
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Signatures
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/s/ Lori Love | | 11/10/2021 |
**Signature of Reporting Person | Date |
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